PepeFork
Crypto Overview
Project Overview
PepeFork is a meme cryptocurrency launched in 2023 as a fork of Pepe coin. The project presents itself as a community-driven meme token on the Ethereum blockchain.
Purpose and Utility
The token's primary stated purpose is to serve as a tradeable digital asset within the broader cryptocurrency ecosystem, with no explicit utility beyond being a speculative trading instrument. The project does not claim any technological innovation or specific use case.
Token Distribution and Economics
Analysis of the token distribution shows that the initial launch had no pre-sale or team allocation. The token launched with 100% of the supply available for trading. This approach reduces the risk of founder enrichment schemes.
Development and Marketing
The project maintains minimal development activity, which is consistent with its stated purpose as a simple ERC-20 token. Marketing efforts are community-driven through social media channels.
Real World Usage
Current usage aligns with its intended purpose as a tradeable digital asset. Trading occurs on various decentralized and centralized exchanges.
Business Model Evaluation
The business model involves straightforward token trading without any lending, staking, or interest-bearing mechanisms. The project does not facilitate or promote any activities that would be considered haram under Islamic principles.
Crypto Impact
To assign a comfort level investing in PepeFork from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to PepeFork.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.